"If you are hanging your hat on interchange, you are in trouble," one credit union exec says.
The question is fundamental: which is faster, and easier? Inputting commands into a smartphone by typing on glass or by talking them into the device?
In this preview from next week's print edition, experts ponder whether mobile banking by voice command is ready for prime time.
Visa has announced a program that will exempt overseas merchants from card security requirements provided at least 75% of their point of sale terminals are able to read cards with an embedded computer chip to improve fraud protection.